Bill Text: CA SB954 | 2019-2020 | Regular Session | Introduced

California Senate Bill 954 (Prior Session Legislation)

Introduced

Bill Title: Access to financial services.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-02-20 - Referred to Com. on RLS. [SB954 Detail]

Download: California-2019-SB954-Introduced.html

CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Senate Bill

No. 954

Introduced by Senator Hertzberg

February 10, 2020

An act relating to financial institutions.

LEGISLATIVE COUNSEL'S DIGEST

SB 954, as introduced, Hertzberg. Access to financial services.

Existing law, the Financial Institutions Law, regulates the activities of various financial entities, including commercial banks, industrial banks, trust companies, credit unions, and savings and loan associations.

This bill would state the intent of the Legislature to enact legislation that would enable individuals who are unbanked or underbanked to gain better access to banking and related financial services.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

It is the intent of the Legislature to enact legislation that would enable individuals who are unbanked or underbanked to gain better access to banking and related financial services.